The National Bank of Egypt (NBE) was established on the 25th of June 1898, as an Egyptian joint stock company, with a capital of GBP 1 mn. It was the first bank to issue banknotes in Egypt, as it assumed the functions of the central bank until 1960. As of January 1, 1961, NBE continued to act purely as a commercial bank, becoming the oldest commercial bank in Egypt. Since its establishment, the Bank has been the cornerstone of Egypt’s national economy, thanks to its effective contributions to financing mega national projects.
Fawry for Banking Technology and Electronic Payments S.A.E. is the leading Egyptian digital transformation & fintech platform that revolutionized the concept of Omni channel payment in Africa and the Middle East over the past decade.
· Fawry offers more than 1,186 financial services to consumers and businesses through more than 225 thousand locations in an easy way to pay bills and other services in multiple channels (online, using ATMs , mobile wallets and retail points)
· Fawry is the chosen platform for over 29.3 Million customers in Egypt. More than 3.06 Million operations daily are processed on Fawry's network, the rapid market penetration and consistent quality of service helped Fawry's transaction volume soar to a remarkable 81 Billion-EGP record in less than 11 years Since its launch.
Valu is the leading universal financial technology powerhouse offering customers and businesses convenient and comprehensive financial solutions. Valu is also the first fintech company providing consumer finance to become a listed company on the Egyptian Exchange (EGX)